Following the mass layoffs that halved its workforce and the firing of engineers who publicly called out the company's new owner, there is a chance that even more employees will lose their jobs. According to The Washington Post, Musk gave the remaining staff members an ultimatum and asked them to commit to an extremely hardcore stance on the social networking site. "If you are sure that you want to be part of the newTwitter, please click yes on the link below," he reportedly wrote in an email. So what does it mean to be extremely hardcore on the social networking site? According to the report, the executive said that it means working long hours at high intensity. He said that only exceptional performance would be considered a passing grade. It is not known if the move is legal for workers in countries with strict labor laws. Those who don't sign the form by 5PM Eastern on Thursday, November 17th will be let go and will get three months of pay. The Post said that it would be doing a postmortem on the launch of its $8 Blue subscription over the next couple of weeks in an effort to understand why and how it had led to an influx of fake accounts. Things got so bad that the company had to suspend its subscription service and give fake accounts a semblance of legitimacy. The Blue verification will be pushed back to November 29th to make sure it's rock solid. The Post saw internal information and data that was compiled by a software developer, which showed that the website only had around 150,000 users. In the second quarter of 2022, the company said it had 238 million daily active users, but only brought in $14.4 million in revenue. The website's ad revenue may be impacted by the new Blue subscription. The top 1 percent of users on the website earned 40% of the website's monthly revenue. They're the ones most likely to pay for a subscription, which means they're going to see less ads as perks.
M. Moon|11.16.22
All Rights Reserved © 2024
